[dsr_]

Cryptocurrency recapitulates the history of the modern banking system, and illustrates the necessity of regulation on a daily basis.

[alcazar]

We only get better wheels by reinventing them.

Our knowledge is constantly expanding, allowing us to build things differently than we used to. Modern cryptography, which makes things like multi-sig possible, is only a few decades old; it didn't even exist when the current banking industry was being established.